Corporate Information And Statement Of Ifrs Compliance [Abstract]

MODE GLOBAL HOLDINGS PLC - Filing #2795584

Concept	2023-01-01 to 2023-12-31
Corporate information and statement of IFRS compliance [abstract]
Name of reporting entity or other means of identification	R8 CAPITAL INVESTMENTS PLC
Domicile of entity	UK
Legal form of entity	Plc
Country of incorporation	UK
Address of entity's registered office	2 Leman Street, London, E1W 9US
Principal place of business	2 Leman Street, London, E1W 9US
Description of nature of entity's operations and principal activities	Principal Activities R8 Capital Investments PLC (R8)  is a holding company. It is the parent company of; Mode Global Limited, a UK based company incorporated on 9 th September 2015, JGOO Limited(incorporated: 26th July 2016), Fibermode Limited (incorporated: 28 th November 2018) Greyfoxx Ltd (25th July 2019) and Fibere Limited (incorporated 17 th January 2020). On 26th January 2023, the board of the Company decided to cease its customer operations for Fibermode Ltd, JGOO Ltd and Greyfoxx Ltd, in light of adverse market sentiment resulting from the collapse of FTX and the consequential lack of investor appetite for crypto-related businesses. On February 2023, the Company notified the Financial Conduct Authority (“FCA”) of its decision and the fact it would no longer be using its EMI licence. As explained in the Strategic Report, Mode Global Limited which operated cryptocurrency treasury function and digital wallet product (Trading name: Mode), Greyfoxx Limited was electronic payment administrator, JGOO Limited operated the trading platform (Mode Global services), Fibermode Limited facilitates Crypto trading, rewards and cashback for Mode customers and Fibere Limited was set to manage the Mode Store selling retail items. These have ceased trading operations and are in the process of winding down and returning customer funds and settling liabilities.
Name of parent entity	Not applicable
Name of ultimate parent of group	Not applicable